January 10, 2018
The Trump Tax Cuts and the Obamacare Mandate 'Repeal'
The new tax bill is now law; it's on the books; it's an addition to the U.S. Code. But unfortunately, the new law doesn't have a very catchy title. Its original title was the "Tax Cuts and Jobs Act of 2017," which is most excellent. However, due to punctilios in the Senate, the name had to be changed, and in the rush to get the thing passed, congressmen settled on "An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018." That's not so catchy. I don't know if it can be retitled, but because titles matter, I'd wager that the new law will simply be called the "Trump Tax Cuts." Conservatives should be relieved that Republicans in Congress finally passed a big piece of legislation. We were beginning to think they were incapable of coming together. One of the pleasant surprises in the...(Read Full Article)